Hong Kong stocks extend rebound to second day | Malay Mail

HONG KONG, July 29 — Hong Kong stocks finished more than three per cent higher today, clawing back some of the hefty losses suffered earlier in the week, after Chinese officials sought to soothe concerns about Beijing’s recent crackdown on a range of industries.

The Hang Seng Index rose 3.30 per cent, or 841.44 points, to 26,315.32. However, while it extended the previous day’s 1.5 per cent rally, the index was way off recovering the more than nine per cent given up between last Thursday’s close and the end of trade Tuesday. Mainland shares also rallied, with the benchmark Shanghai Composite Index closing up 1.49 per cent, or 50.13 points, at 3,411.72, while the Shenzhen Composite Index on China’s second exchange jumped 3.07 per cent, or 70.97 points, to 2,384.17. — AFP

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US dollar, stocks dip as Fed keeps taper timing close to chest | Malay MailNEW YORK, July 29 ― US stocks and the dollar slipped yesterday in listless trade after the Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even as it said the economic recovery is on track. The Fed said after its latest policy meeting ended...
Source: malaymail - 🏆 1. / 86 Read more »